A payday loans rule that stalled for years will help borrowers - NPR
WEBJun 28, 2024 — The Center for Responsible Lending (CRL) estimates that in 30 states where payday loans are allowed, more than $2.2 billion is paid each year by borrowers who earn an average of $25,000...
The U.S. wants to crack down on payday loans. Here’s what you …
WEBJun 10, 2024 — Following a Supreme Court ruling in May, the federal government is expected to get tougher on regulating payday lenders and other firms that offer high-interest, short-term loans.
Payday lenders aim to evade federal probes as borrowers plead …
WEBOct 28, 2023 — Powerful financial firms that offer high-cost, short-term loans to poor Americans have blocked at least five federal investigations into their business practices since the start of last year,...
Supreme Court Rejects Payday Lender Effort To Gut The …
WEBMay 16, 2024 — The payday lenders argued against the rule and that the CFPB and all of its actions since 2010 were unconstitutional due to its particular funding structure.
Payday Lending - Federal Trade Commission
WEBJan 24, 2024 — Many consumers who need cash quickly turn to payday loans – short-term, high interest loans that are generally due on the consumer’s next payday after the loan is taken out.
Payday lenders' Texas lawsuit could topple watchdog that ... - KERA News
WEBOct 3, 2023 — Lenders that offer small, short-term loans with high fees could be affected by a Supreme Court case that'll determine the fate of the Consumer Financial Protection Bureau.
CFPB Finalizes Rule To Stop Payday Debt Traps
WEBOct 5, 2017 — WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) today finalized a rule that is aimed at stopping payday debt traps by requiring lenders to determine upfront whether people can afford to repay their loans.
A watchdog group targets payday lenders with a ‘2 strikes’ rule to …
WEBJun 28, 2024 — The federal Military Lending Act has long capped the annual interest charged on payday loans for military members and their families at 36%. Edward D'Alessio, the executive director at INFiN, a trade group that represents the payday loan industry, says such limitations make it hard for lenders to do business.
Payday Loans - The New York Times
WEBNews about Payday Loans, including commentary and archival articles published in The New York Times.
CFPB Strips Some Consumer Protections For Payday Loans
WEBJul 7, 2020 — Sid Hastings/AP. Federal regulators have finalized a new rule for payday lenders that strips out a key provision crafted during the Obama administration. Under the revised rule, lenders will no...